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My Forex experience and some Forex related information that might be useful to other traders

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Archive of Forex blog posts for July, 2011

Forex Broker with “Too Good to Be True Look” to It — VertiFX

July 31st, 2011

VertiFX is the latest broker added to my site. It’s registered the Federation of Saint Kitts and Nevis, which means that it’s an offshore company. The best thing about it is that it offers 0.5 pip spread on EUR/USD and similarly low spreads on other currency pairs. It’s a MetaTrader …

Forex Technical Analysis for Week 08/01—08/05

July 30th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3933 1.4081 1.4239 1.4387 1.4546 1.4694 1.4853
GBP/USD 1.6088 1.6175 1.6297 1.6384 1.6506 1.6593 1.6715
USD/JPY 74.08 75.39 76.06 77.38 78.05 79.37

EUR/USD Surges as US Economic Output Increases Too Slowly

July 29th, 2011

The euro rallied against the US dollar today immediately after the GDP report was released in the United States and continued to rise afterwards as more dollar-negative data figures were released there.

Annualized GDP growth in the second quarter of 2011 was at 1.3% in US. The growth followed a 0.4% rise (revised negatively from …

Euro Rises vs. Dollar on Pending Home Sales Increase

July 28th, 2011

The EUR/USD pair increased today after a pending home sales report was released in the United States. Overall, the day was still quite bearish for the currency pair. It’s now trading near 1.4312.

Initial jobless claims decreased significantly during the week ending July 23 and were at 398k — down from …

Dollar Regains vs. Euro Despite Debt Standoff

July 27th, 2011

The EUR/USD pair declined today, snapping its yesterday’s gains. Neither the bad durable orders report nor the prolonged debt discussions in the Congress could stop that. The dollar’s strength was drawing from some more or less positive news from the debt ceiling discussions (which still doesn’t lead the whole …

EUR/USD Up Before Major Releases Are Out Today

July 26th, 2011

The euro gained against the US dollar before the macroeconomic reports of today were released in the United States. Its gain can be connected to the US public debt ceiling debates. Following today’s fundamental releases, the dollar managed to regain some of the losses. EUR/USD is currently trading near 1.4468.

S&P Case

ECN Forex Broker from Dominica — Trader’s Way

July 24th, 2011

Caribbean islands are becoming an offshore home to many Forex brokers nowadays. Dominica (don’t confuse with Dominican Republic) is a new country in my Forex brokers list. Trader’s Way is the first company from Dominica here. It went online this year, offering quite …

Forex Technical Analysis for Week 07/25—07/29

July 23rd, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3678 1.3845 1.4101 1.4268 1.4524 1.4691 1.4947
GBP/USD 1.5756 1.5880 1.6089 1.6213 1.6422 1.6546 1.6755
USD/JPY 76.95 77.58 78.05 78.68 79.15 79.78

New Australian MetaTrader Forex Broker — Synergy FX

July 22nd, 2011

Please meet the latest Forex broker listed on EarnForex.com — Synergy FX. It’s based in Australia and is regulated by the ASIC authority. The Australian Forex brokers seem to be quite popular lately as their regulation is quite protective, yet not restrictive. Synergy FX offers MetaTrader platform, low …

EUR/USD Jumps After EU Summit

July 21st, 2011

EUR/USD jumped today after at the European Union summit a draft was devised, that should made a period of default in Greece as short as possible and would prevent the sovereign-debt crisis from spreading to other European nations. Today’s macroeconomic data showed that US manufacturing is regaining its footing, while unemployment …

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